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AFPRC.PFD (Astoria Financial) Net-Net Working Capital : $0.00 (As of Jun. 2017)


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What is Astoria Financial Net-Net Working Capital?

In calculating the Net-Net Working Capital (NNWC), Benjamin Graham assumed that a company's accounts receivable is only worth 75% its value, its inventory is only worth 50% of its value, but its liabilities have to be paid in full. In addition, Graham believed that preferred stock belongs on the liability side of the balance sheet, not as part of capital and surplus. This is a conservative way of estimating the company's value.

Astoria Financial's Net-Net Working Capital for the quarter that ended in Jun. 2017 was $0.00.

The industry rank for Astoria Financial's Net-Net Working Capital or its related term are showing as below:

AFPRC.PFD's Price-to-Net-Net-Working-Capital is not ranked *
in the Banks industry.
Industry Median: 5.07
* Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.

Astoria Financial Net-Net Working Capital Historical Data

The historical data trend for Astoria Financial's Net-Net Working Capital can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Astoria Financial Net-Net Working Capital Chart

Astoria Financial Annual Data
Trend Dec07 Dec08 Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16
Net-Net Working Capital
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Astoria Financial Quarterly Data
Sep12 Dec12 Mar13 Jun13 Sep13 Dec13 Mar14 Jun14 Sep14 Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17
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Competitive Comparison of Astoria Financial's Net-Net Working Capital

For the Banks - Regional subindustry, Astoria Financial's Price-to-Net-Net-Working-Capital, along with its competitors' market caps and Price-to-Net-Net-Working-Capital data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Astoria Financial's Price-to-Net-Net-Working-Capital Distribution in the Banks Industry

For the Banks industry and Financial Services sector, Astoria Financial's Price-to-Net-Net-Working-Capital distribution charts can be found below:

* The bar in red indicates where Astoria Financial's Price-to-Net-Net-Working-Capital falls into.


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Astoria Financial Net-Net Working Capital Calculation

Astoria Financial's Net-Net Working Capital (NNWC) per share for the fiscal year that ended in Dec. 2016 is calculated as

Net-Net Working Capital(A: Dec. 2016 )
=(Balance Sheet Cash And Cash Equivalents+Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(129.944+0+0.75 * 0+0.5 * 0-12844.579
-129.796-0)/0
=N/A

Astoria Financial's Net-Net Working Capital (NNWC) per share for the quarter that ended in Jun. 2017 is calculated as

Net-Net Working Capital(Q: Jun. 2017 )
=(Balance Sheet Cash And Cash Equivalents+Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(105.764+0+0.75 * 0+0.5 * 0-12409.304
-129.796-0)/0
=N/A

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

In calculating the Net-Net Working Capital (NNWC), Benjamin Graham assumed that a company's accounts receivable is only worth 75% its value, its inventory is only worth 50% of its value, but its liabilities have to be paid in full.

In addition, Graham believed that preferred stock belongs on the liability side of the balance sheet, not as part of capital and surplus. In "Security Analysis", preferred stock is dubbed "an imperfect creditorship position" that is best placed on the balance sheet alongside funded debt.

This is a conservative way of estimating the company's value.


Astoria Financial  (NYSE:AFPRC.PFD) Net-Net Working Capital Explanation

One research study, covering the years 1970 through 1983 showed that portfolios picked at the beginning of each year, and held for one year, returned 29.4 percent, on average, over the 13-year period, compared to 11.5 percent for the S&P 500 Index. Other studies of Graham's strategy produced similar results.

Benjamin Graham looked for companies whose market values were less than two-thirds of their net-net value. They are collected under our Net-Net screener.


Astoria Financial Net-Net Working Capital Related Terms

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Astoria Financial Business Description

Traded in Other Exchanges
N/A
Address
Astoria Financial Corporation is a holding company for Astoria Federal and Astoria bank, a savings and loan association operating on the Long Island, N.Y., area. The company gathers local deposits from its 85 branches and uses the proceeds to make residential and multifamily loans. The company also makes commercial real estate loans and operates an insurance agency.
Executives
Robert Giambrone director 400 RELLA BOULEVARD, MONTEBELLO NY 10901
Hugh J Donlon officer: Sr EVP and CLO 138 PUTNAM STREET, MARIETTA OH 45750
Jane D Carlin director C/O PHH CORPORATION, 3000 LEADENHALL ROAD, MT. LAUREL NJ 08054
Matthew J Gutauskas officer: Executive Vice President ONE ASTORIA FEDERAL PLAZA, LAKE SUCCESS NY 11042
Patricia M Nazemetz director XEROX CORPORATION, 800 LONG RIDGE ROAD, STAMFORD CT 06904
Stephen J Sipola officer: Executive Vice President ONE ASTORIA BANK PLAZA, LAKE SUCCESS NY 11042
John J. Corrado director ONE ASTORIA BANK PLAZA, LAKE SUCCESS NY 11042
Gary M Honstedt officer: Executive Vice President ONE ASTORIA FEDERAL PLAZA, LAKE SUCCESS NY 11042
Josie Callari officer: Executive Vice President ONE ASTORIA BANK PLAZA, LAKE SUCCESS NY 11042
Robert J Destefano officer: Executive Vice President ONE ASTORIA BANK PLAZA, LAKE SUCCESS NY 11042
Brian T Edwards officer: Executive Vice President ONE ASTORIA BANK PLAZA, LAKE SUCCESS NY 11042
Ralph F Palleschi director ONE ASTORIA BANK PLAZA, LAKE SUCCESS NY 11042
Thomas V Powderly director ONE ASTORIA FEDERAL PLAZA, LAKE SUCCESS NY 11042
Denis J Connors director ONE ASTORIA FEDERAL PLAZA, LAKE SUCCESS NY 11042
Haeffner Peter C Jr director ONE ASTORIA FEDERAL PLAZA, LAKE SUCCESS NY 11042

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